Adani Transmission makes Rs 147 crore quarterly net profit

New Delhi: Adani Transmission Tuesday reported 2.37 per cent decline in March quarter consolidated profit at Rs 146.70 crore due to higher borrowing cost and depreciation.

The company's profit in January-March 2017-18 stood at Rs 150.27 crore, as per a BSE filing.

Total income rose to Rs 2,569.16 crore in March quarter from Rs 878.04 crore in the year-ago period.

The finance cost of the firm rose to Rs 435.51 crore in fourth quarter from Rs 226.27 crore a year ago.

Similarly, the depreciation also increased to Rs 276.31 crore from Rs 142.84 crore in the year-ago quarter. The consolidated net profit in 2018-19 was Rs 559.20 crore compared to Rs 1,142.94 crore in the previous fiscal. Total income rose to Rs 7,560.80 crore from Rs 4,055.19 crore in 2017-18.